On the daily chart of Enjin Coin (ENJ), we see current trading at 0.1514. It is important to note the key levels that may influence further price movement:
Support level: 0.1504
Resistance level: 0.1524
Current strategy
Given the current market conditions, it is recommended to set a stop loss at 0.1480 to minimize risks. This will protect capital in case of unfavorable market movement.
Target levels
In the long term, the following goals can be identified for Enjin Coin:
First target: 0.18 – this level can be reached with favorable news and increased demand.
Second target: 0.20 - this level will become possible if there is a significant increase in interest in the project on the market.
Conclusion
Enjin Coin has potential for growth, especially against the backdrop of increasing interest in gaming and NFT technologies. It is recommended to follow the news and market signals to adapt your strategy and react to changes in time.
